Personal Finance Expert Chris Scully Offers Ten Money Saving Tips
With a total US consumer debt of $2.5 trillion dollars, credit card debt now averaging in excess of $15,000 per household with credit card debt, and 40% of families spending more than they earn, it’s no surprise that so many Americans have money problems. Personal finance expert Chris Scully offers 10 money saving tips to help consumers get in control of their finances.
Burbank, CA, August 24, 2010 --(PR.com)-- With a total US consumer debt of $2.5 trillion dollars, credit card debt now averaging in excess of $15,000 per household with credit card debt, and 40% of families spending more than they earn, it’s no surprise that so many Americans have money problems.
“Consumers are overwhelmed with debt, struggling financially and looking for ways to reduce expenses,” says Chris Scully, a personal finance expert and author of "The Debt Survival Kit."
Scully has spent years researching consumer debt and credit problems. He offers these ten money saving tips to help people get in control of their finances:
- Make saving money on purchases a priority. Never spend money on a product or service without researching costs and getting the lowest price possible.
- Don't over-pay taxes. Many people don't realize how much over withholding of taxes from their paycheck hurts them financially.
- Don't buy on credit. Pay for small purchases with cash or debit cards and plan ahead for larger purchases.
- Watch less TV. Cutting TV time not only saves energy, it reduces exposure to an endless stream of advertisements.
- Make shopping lists and stick to them. Many people do this for grocery shopping but it is a rule that should apply to any and all trips to any types of stores.
- Use coupons intelligently. This goes hand in hand with using lists above. Don't buy unnecessary items just because there is a coupon for it.
- Cut back on or quit smoking and/or drinking alcohol - Without discussing the health benefits, let me just say that cigars, cigarettes and alcoholic beverages of all types are expensive.
- Cut out fast food, frozen or prepared dinners. Cook meals instead.
- Wash/vacuum cars at home. Saving money does not get much simpler than this.
- Make seasonal purchases at the end of the season. Shoppers save considerable money waiting until the season is almost over to buy seasonal items.
“These simple tips can save thousands of dollars a year, money that can be used to pay bills and meet daily expenses,” says Scully.
About Chris Scully
Chris is a consumer advocate for ethical debt settlement and consumer repair practices, a personal finance blogger and author of the book "The Debt Survival Kit." For more information, tips and advice on controlling finances, eliminating debt, improving credit scores and achieving financial prosperity, visit www.mymoneymess.com or email Chris at cscully@mymoneymess.com.
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“Consumers are overwhelmed with debt, struggling financially and looking for ways to reduce expenses,” says Chris Scully, a personal finance expert and author of "The Debt Survival Kit."
Scully has spent years researching consumer debt and credit problems. He offers these ten money saving tips to help people get in control of their finances:
- Make saving money on purchases a priority. Never spend money on a product or service without researching costs and getting the lowest price possible.
- Don't over-pay taxes. Many people don't realize how much over withholding of taxes from their paycheck hurts them financially.
- Don't buy on credit. Pay for small purchases with cash or debit cards and plan ahead for larger purchases.
- Watch less TV. Cutting TV time not only saves energy, it reduces exposure to an endless stream of advertisements.
- Make shopping lists and stick to them. Many people do this for grocery shopping but it is a rule that should apply to any and all trips to any types of stores.
- Use coupons intelligently. This goes hand in hand with using lists above. Don't buy unnecessary items just because there is a coupon for it.
- Cut back on or quit smoking and/or drinking alcohol - Without discussing the health benefits, let me just say that cigars, cigarettes and alcoholic beverages of all types are expensive.
- Cut out fast food, frozen or prepared dinners. Cook meals instead.
- Wash/vacuum cars at home. Saving money does not get much simpler than this.
- Make seasonal purchases at the end of the season. Shoppers save considerable money waiting until the season is almost over to buy seasonal items.
“These simple tips can save thousands of dollars a year, money that can be used to pay bills and meet daily expenses,” says Scully.
About Chris Scully
Chris is a consumer advocate for ethical debt settlement and consumer repair practices, a personal finance blogger and author of the book "The Debt Survival Kit." For more information, tips and advice on controlling finances, eliminating debt, improving credit scores and achieving financial prosperity, visit www.mymoneymess.com or email Chris at cscully@mymoneymess.com.
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Chris Scully
818-846-3178
www.mymoneymess.com
Chris Scully
818-846-3178
www.mymoneymess.com
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